The Libya Africa Investment Portfolio (LAIP) announced last Sunday (12 October) a strategic lubricant blending project bringing together its Ola Energy Holding Company, the Misrata Free Zone, and Brega Oil Marketing Company.
This is part of the LAIP’s announcement of the achievements of its subsidiary, Ola Energy in 2025.
The LAIP said the project is part of a series of expansion steps undertaken by Ola Energy within Libya, including:
- Developing the joint Libyan Oil Company, in which it holds a 45% stake.
- Signing a cooperation agreement with Brega Oil Marketing Company to implement joint investment projects.
These steps are part of its policy aimed at enhancing local investments while maintaining its international presence.
The LAIP said these investments come in line within its vision, by strengthening Ola Energy’s presence in Libya and consolidating its continental position.
